Advice on Multiple Interconnected Aspects of the Methodologies for the National Budget Formulation and Execution of Moldova

Budget:

467,227 EUR

Country:

Moldova

Dates:

January, 2008 - January, 2010

Partner:

Ecorys

Funding:

World Bank

Corporate Solutions, in cooperation with Ecorys, assisted the Ministry of Finance of Moldova in developing methodologies for national budget formulation and execution, including:(i) Developing capacities for medium-term expenditure planning;(ii) Improving the methodology for the preparation of annual budget laws through upgrading the content and format of the methodological guidelines for annual budget formulation;(iii) Revising the legislation on the budget system and budget process;(iv) Reorganising the budget formulation function across central government;(v) Developing a new integrated Budget Classification and Chart of Accounts System compatible with the IMF's GFS 2001 standards and creating capacity for its implementation;(vi) Formulating the legal and policy-related requirements necessary to operate the warrant system within the Financial Management Information System to control and allocate budget spending authority;(vii) Upgrading the accounting and reporting rules, policies and procedures used by the public sector and treasury system,to be in line with international best practice.

Improvement of the methodology for the preparation of annual budget laws through upgrading the content and format of the methodological guidelines for annual budget formulation

Revision of the legislation on the budget system and budget process

Upgrading of the accounting and reporting rules, policies and procedures used by the public sector and treasury system in line with international best practice.